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Indiana Tax Collections Ahead Of Budget Plan Through August

Brandon Smith
/
IPB News

Indiana has collected more in taxes so far this new fiscal year than budget writers planned for.

The state is about $38 million ahead of its budget plan two months into the fiscal year.

That’s primarily due to a stronger-than-expected August. Sales and individual income taxes generated about $25 million more in revenue than anticipated. Corporate taxes also came in above target, the seventh consecutive month they’ve done so.

Indiana tax collections have outpaced state budget targets in seven of the last 14 months.

Contact Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

Brandon Smith is excited to be working for public radio in Indiana. He has previously worked in public radio as a reporter and anchor in mid-Missouri for KBIA Radio out of Columbia. Prior to that, he worked for WSPY Radio in Plano, Illinois as a show host, reporter, producer and anchor. His first job in radio was in another state capitol, in Jefferson City, Missouri, as a reporter for three radio stations around Missouri. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.